[Adopted 8-25-1981 by L.L. No. 1-1981 as Ch. 181 of the 1981 Code; amended in its entirety 5-27-1997 by L.L. No.
2-1997]
A partial exemption from taxation to the extent
of 50% of the assessed valuation of real property which is owned by
certain persons with limited income who are 65 years of age or older
meeting the requirements set forth in § 467 of the Real
Property Tax Law is hereby granted.
[Amended 1-14-2003; 12-23-2003; 4-25-2023 by L.L. No. 2-2023]
The maximum income level for the fifty-percent
exemption is established at $30,000, to include the sliding scale
option.
